Song Cover Image

Delegated Proof of Stake

+ Show full styles
V5

Consensus Mechanism Delegated Proof of Stake (DPoS). Token holders (with Hive Power) vote for "Witnesses" who validate transactions. Ensures decentralization and security while maintaining high performance. Speed Lightning-fast processing with block times of 3 seconds and near-instant transaction confirmation (one-block irreversibility). Ideal for interactive dApps like social media and gaming where speed is crucial. Transaction Fees Practically fee-less (zero direct gas fees) for most user operations, thanks to a stake-based Resource Credit mechanism. Removes a major barrier for mass adoption and makes micro-transactions for content and gaming economically viable. Tokenomics Two native tokens: HIVE (governance and liquid token) and HBD (Hive-Backed Dollar, a USD-pegged stablecoin). Provides stability and flexibility for in-app rewards, trading, and decentralized finance (DeFi).